Repatriation Tax Holiday Draws Mixed Corporate Reaction

Like most Americans, I'm sick of corporate welfare and of the world's political and social landscape being manipulated by For U.S. corporations that outsource jobs and keep earnings overseas in order to avoid paying taxes, the U.S. government should tell them that they will no longer be given any help by the U.S. State Department and America troops will no longer help them if they run into trouble when they're operating overseas.

7:05 am May 13, 2011

Leslie C. Williams wrote:

Like many Americans, I'm sick of corporate welfare and of America's and the world's political and social landscapes being manipulated by Big Business.

It's time that the U.S. government and American troops no longer come to the aid of U.S. multinational corporations when they run into trouble overseas--because those corporations have turned their backs on America by outsourcing jobs and by keeping earnings overseas in order to avoid paying taxes.

Nor should those U.S. multinational corporations reap the benefits of American consumers: Those coporations should pay a premium tariff on all goods and services that they sell in America. In addition, if the premium tariff is clearly marked on the price tags, then we Americans will know which goods and services to boycott.

Perhaps after those U.S. multinational corporations have lost 50% of their American consumers, then they will know what it feel like to be American which has lost 50% of the largest coporations' jobs to foreign countries.

4:23 pm May 13, 2011

Steve Bunten wrote:

Like most Americans who can actually think know that corporations don't pay income taxes. Those who buy their products do in the form of higher prices and lower wages. And the worst tax of all on American-based multinational companies is the one that has them pay a tax twice, once in the country that it is earned in and then again when they repatriate those earnings. What it does is force them to keep the money overseas, perhaps to expand their business there instead of bringing it home to be used to expand it here in the US.

An example of that is the recent announcement that Microsoft was going to buy Skype totally with cash that is presently parked overseas since Skype is located in Europe. They even said that they were using earnings from operations over there that had already been taxed once. So instead of being able to use those $Billions in the US they invested in a European company--is that what you want Leslie C. Williams?

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